Cable Update (GBPUSD)

i think plan 1will work

[quote=sakisf;8241069]Plan for next 2 weeks. 2nd if it turns out bullish again (unlikely).

Plan 1 looks good! Closed all my trades. Taking my travel break soon. Hoping when I get back it will be a clear trending market again and less volatility
Good luck.

UK election will make some impact in this week

According to monthly chart this 5140 is the key medium point line and 300 pips down will be oversold

https://charts.mql5.com/7/724/gbpusd...ts-limited.png

maximum trading range for this week

https://charts.mql5.com/7/724/gbpusd...ts-limited.png

In day chart trading range is reduced between 300 pips ( 5000 to 5300 )

https://charts.mql5.com/7/724/gbpusd...ts-limited.png

hey guys, how the daily closing price on Saturdays?
1.5137 or 1.5147 or else ?

eur/gbp is still a buy and will remain a buy till 7280 gets breached on the downside. taken some here. targeting 7455

Hello Guys hope all is well,
Please Guys pay Attention to what i am Saying Believe me it took me more then 1 Hour 12 Minutes to write it will not be a waste of time to read it,
it may help you, i hope, one thing is for sure you will find it interesting, maybe you have heard some of it before, and dome of it might be my from my own old posts from 2007 in GBPJPY thread we were in YEN pairs at that time it was paying great Interest + if you are in right side you can make 300 pips a day, it was very volatile pair that time 2008-2010

enough said lets first get back to business then we will talk about The Real Truth About Forex, or Currency Trading Behind Doors.

well my all my short positions are almost done, as i said 1.5100 and we came very close i was told in max 2 weeks, well it happened before that i am glad but again never underestimate the power of Retail traders because the Big Player as i saw in REAL TIME they can't control the market for long time, from now Pound may jump to 1.5330 before any drop and this time Some people, Real Big Players are looking for 1.50 or even 1.49 level but i am not sure i will find out soon enough the timeline how much time it will take but looking at our trading style every single account we get, expires in 1 month and every weekend account should be FLAT, No open positions or they will liquidate them selves. and we get new acc every first week of the month anyways my point is that this month started just NOW so i am assuming that this month end we may see Lows 1.5020 but high might even pass 1.55 this time i can bet on that. just wait for the Election to be Over then i will start buying Heavy for now 1:1 Leverage Buy High might be again 1.532, then w will see Buying power and if it holds more then 40% then it will take out 1.55 an will be Heading for 1.5750-1.5800, just sharing my Analysis
i don't understand why some traders when they get little experienced or understands the market maybe better then some people or get hired as analyst ( as i am Cheif Currency Analyst with XXX Investments LTD) or Fund Manager or they get MASTER ACCOUNT ( minimum is 100K for Master Account with FXCM i had that is why i remember, with Dukascopy it was 500K others i don't know) why the hell they think they think they are now big boys and don't have time to even share their analysis on open forums to help new traders understand the market so they also can make some money,

i will try to post my analysis on charts also but no promises guys because now after years i really don't have to draw the lines or Fibo levels etc on charts i just see the simple chart and i see every thing in my mind that is the beauty of the forex, as someone once said " A CHART IS WORTH THOUSAND WORDS " so sometimes it is confusing to other traders, and some times i don't even have much time for it, but i can copy and paste my analysis which i write twice a week it will be very detailed because it goes to some important people,
and there is one more thing to be honest guys i have seen some very very good traders here they use their Nick Name most of the time they just observe and don't even bother to share, " what i don't understand it that why they don't post their analysis it takes few minutes to write few lines and you can help your fellow traders,
From all i know i might be the only one who is posting analysis on many forex forums just sharing my analysis nothing else, so maybe someone might find it helpful and might learn from your posts they can even learn your trading style by just observing your trades or see the currencies as you do, it is not that hard if you are committed to Learn, i have seen and was very impressed from a guy who was just observing my trades, asking me few questions why i traded at that time what i saw and how i saw, and after 18 months i saw his live account statement and i was impressed by his trading method, it was impressive, DD was very low MM was great, he waited full day some times if he lose a trade he said it helps him clear his mind, and start fresh next day,
as i did in my past believe me i was crazy about forex all i saw was QUICK RICH FORMULA AS ADVERTISED FROM BLOODY BROKERS, i thought i will be my own boss in no time i did very good in demo, but when i switched to live i realized that it is much more harder then i have thought it might be,
but learned hard way after loosing a lot of money nearly 50K and not to mention the TIME wasted then i realized " MAKING MONEY IN FOREX IS HARD, BUT KEEPING THAT PROFIT IS EVEN HARDER THEN ACTUALLY MAKING IT ​" ( i know for fact that many forex traders make money in their for 3 months but most of them nearly 70-80% traders lose their profit and invested money after that time can be from 6-9 Months maximum and that is fact, according to some brokers, not many traders Get to their first Year before losing their 1-3 deposits, and some traders do they start with small capital just to learn and they are not looking for profit just looking for Monthly % profit, and when they pass 1-2 years successfully, then they invest big capital because they most likely learned how to survive in forex,
"" Because Currency Trading is not Just about Making Profit, but how long you can Make it That Matters more then the Profit you make every Month "

what a waste of Money and Time is that Most Traders make Very Good Profit in the beginning and then Lose it all eventually. no offence guys just pointing out the Facts, Nothing personal
please guys it took me more then half hour to write it all so please read it, i am sure it will help you no matter what kind of trader are you, Forex, binary Options, Futures, Stocks, even i trade Binary Options some times too but its risky IMO os itick to what i know best which is Forex.
dear fellow traders i wrote
i have learned a lot from forex forums some real honest traders and after years i am still thankful to them may GOD BLESS THEM all i am saying is that there were few Great Traders who saved me really saved me otherwise i will be one of those who lost everything in forex and back to their jobs,
every dream i had will be gone by now and every single penny of my saving even my parents savings will also be gone if it was not for them

IMO sometimes the best is when Experienced or senior trader posts analysis with extreme confident, some traders who are against that particular trade sometimes don't trade, some time it helps them too, because some time not trading is actually saving your capital, problem is not many people realize that.
they think they have to trade every day please don't because some time you are only paying the brokers heavy Commissions and sometimes Negative interest also,
its not a RULE to trade every day, i can even show you in some of my account i even don't trade for weeks not DAYS but WEEKS why??
because sometimes it is better to wait for the right time,
the real problem i saw with live traders that if their one position got negative and they lost a trade, even some of you can will remember that most traders start checking other pairs and not even 30 minutes passed and they are IN again with new trade, my question is why?? why not wait for the right time be patient and then trade with fresh mind because when traders wants to recover their loss same time believe me on this that is huge mistake because most of the time they are trading emotionally and greedy and that is POISON, which might hurt their account very hard, my Advice to all, please be patient, i know its much more harder then it sounds but believe me it is worth it. because the problem is when a trader see pair is moving first instinct is to jump in to recover your loss,
that is bloody like a rush of adrenaline you cannot resist it, i was like that no shame in admitting my mistakes or greed or Emotions, but my point stands there are some to then because it is impossible to admit when they are wrong, admitting when you are wrong is hard but once you accept it and move on, you will be much better trader then you are today, and remember that it is important that you admit to your self that you were wrong, not just saying it, but believe it so you can Move On.
to us that was same but we fought it well better will be someone helped us actually taught us how to fight those feelings because Feelings don't work in Forex, or any Business for that matters, you have to be realistic not Emotional, just see it that way its Just numbers Zero's and One's that's its Winners and Losers there is no in between,
want to trade just do as i do it will help you, when i lose a trade i leave forex for at least 4 hours no matter what happens then i come back open my acc and see what is happening and wait at least another 1 hour before i trade no matter what because we now have more than 70 pairs guys, you will get your chance just make sure you are in control before you trade, just my sincere advice to fellow traders, because i have seen how fast traders shift their trades from Long to Short in matter of hours, here how greedy i was back in the beginning back in 2007-2008 when spreads were higher and commission was bloody high very high, i still remember 1 STD lot i paid 60$ commission in 2007-2008

Again Please forgive me for LONG SPEECh i was free so i thought i share few Facts, some Personel Experiences and information

Read it, Its all genuine experience.
Thanks for sharing, I do hope it does spreads the wisdom.
Enjoy, your success.

Thanks Mohai appreciated,
and as i said if i got time i will post Charts too that will explain how i see the Charts or News or Fundamental Impact on Currency,
Good Luck to you All.

Morning happy Monday from sunny Jersey , looking to 5100 5074 5030 would be the last long i think past that if it does close under 5000 then 4500 could be on the cards the 4 hour 10/20 emas have crossed so careful i have 2 longs but because of being away only small lots 5124 was the last one , sorry no chart but looking at Thursdays day . draw fib and you see it might bounce of the red 20 ema on my chart posted which is on one of the above numbers Dubai ,long post interested reading , but you have to watch sneeeeeeky big time cable traders they like to whip the carpet from under the feet , hence the thing went short 3 pips off my tp 5397,??? and now 15 pips off 5100 ,,only my opinion,, regards E ps need to watch weekly ,price is below the 20 ema so long need to close today i would say over watch for a bounce on the 10 ema 5070/30 ish to take it there ,,

Cheers DubaiFX, it's greatly appreciated. Honestly, after 7 years I'm just starting to get the hang of the application of the control and patience you're talking about, but I really hope someone who's just starting out will be able to apply it thanks to your words. All the best Past a certain point, not f*cking up when we know we're about to f*ck up really is the number 1 skill we need as traders...

Stay off the WEED boy

Maybe some pull back from analogy

But the broader trend seems to lower for the week on uncertainty over Parliamentary elections...
Seems unlikely to move above 1.5200 mark but definitely drift lower towards 1.5040-30...

What up b?

Have fun.

Pah!







Edit: Cancel these for now ...

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